Business Topics

| Jul 22, 2014

Greenback firmer around ¥101.50

The dollar was slightly firmer around ¥101.50 in post-holiday Tokyo trading Tuesday, supported by a rise in Japanese stock prices. At 5 p.m., the dollar was quoted at ¥101.49-50, up from ¥101.40-41 at the same time Friday. The Tokyo market was closed Monday for ...

TSE cuts tick sizes for 80 stocks

Jul 22, 2014

TSE cuts tick sizes for 80 stocks

The Tokyo Stock Exchange on Tuesday began allowing smaller price increments on shares of about 80 of Japan’s biggest companies as the bourse seeks to win back business from private trading venues. Topix 100 members whose shares cost between ¥1,000 and ¥5,000 now trade ...

| Jul 22, 2014

Stocks snap three-day losing streak

Buoyed by a weaker yen and buybacks after their recent falls, stocks snapped their three-day losing streak Tuesday. The Nikkei closed up 127.57 points at 15,343.28. On Friday, the key market gauge sagged 154.55 points. The TSE closed Monday for Sea Day. The Topix ...

| Jul 18, 2014

Greenback drops below ¥101.50

The dollar was weaker below ¥101.50 in Tokyo trading on Friday as risk-averse sentiment strengthened after a Malaysian Airlines jetliner was blown out of the sky in eastern Ukraine, killing nearly 300 people, and Israel began a ground invasion. At 5 p.m., the dollar ...

| Jul 17, 2014

Dollar edges lower to ¥101.49

The dollar dipped to around ¥101.50 in Tokyo on Thursday, weighed down by sagging U.S. long-term interest rates. At 5 p.m., the dollar stood at ¥101.49-50, down from ¥101.69-69 on Wednesday. The euro was at $1.3533-3534, down from $1.3552-3556, and at ¥137.36-37, down from ...

| Jul 16, 2014

Dollar firms on Yellen comments

The dollar was firmer around ¥101.70 in Tokyo trading on Wednesday, underpinned by U.S. Federal Reserve Chairwoman Janet Yellen’s congressional testimony that suggested the possibility of an earlier than planned interest rate hike. At 5 p.m., the dollar stood at ¥101.69-69, up from ¥101.56-56 ...

| Jul 16, 2014

Lackluster Nikkei logs small drop

Stocks ended slightly lower Wednesday as trading lacked direction amid a dearth of fresh incentives. The 225-issue Nikkei average closed down 15.86 points at 15,379.30. On Tuesday, the key market gauge climbed 98.34 points. The Topix dipped 0.09 point to end at 1,273.59 after ...

Wall St. retreats on Yellen's comments on valuations

Jul 16, 2014

Wall St. retreats on Yellen's comments on valuations

U.S. stocks fell on Tuesday after Federal Reserve Chairwoman Janet Yellen and her fellow Fed policymakers raised concerns about “substantially stretched valuations” in some sectors. In the monetary policy report accompanying her congressional testimony, Yellen said that “equity valuations of smaller firms as well ...